Union Bancaire Privee UBP SA Sells 80,326 Shares of Nasdaq, Inc. $NDAQ

Union Bancaire Privee UBP SA lessened its stake in Nasdaq, Inc. (NASDAQ:NDAQ) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 962,068 shares of the financial services provider’s stock after selling 80,326 shares during the quarter. Nasdaq makes up about 1.4% of Union Bancaire Privee UBP SA’s holdings, making the stock its 14th largest position. Union Bancaire Privee UBP SA owned approximately 0.17% of Nasdaq worth $91,255,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Front Row Advisors LLC bought a new stake in shares of Nasdaq in the 2nd quarter worth $25,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Nasdaq during the second quarter valued at about $27,000. Tripletail Wealth Management LLC bought a new position in shares of Nasdaq during the third quarter valued at about $27,000. Westside Investment Management Inc. boosted its holdings in Nasdaq by 100.0% during the third quarter. Westside Investment Management Inc. now owns 318 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 159 shares during the last quarter. Finally, West Branch Capital LLC bought a new stake in Nasdaq in the 3rd quarter worth about $29,000. Institutional investors own 72.47% of the company’s stock.

Insider Transactions at Nasdaq

In related news, CEO Adena T. Friedman sold 92,840 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $90.08, for a total value of $8,363,027.20. Following the completion of the transaction, the chief executive officer directly owned 2,079,323 shares of the company’s stock, valued at $187,305,415.84. This trade represents a 4.27% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John Zecca sold 4,500 shares of Nasdaq stock in a transaction that occurred on Tuesday, January 6th. The stock was sold at an average price of $100.01, for a total transaction of $450,045.00. Following the completion of the sale, the executive vice president owned 125,674 shares of the company’s stock, valued at $12,568,656.74. This trade represents a 3.46% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 697,340 shares of company stock valued at $66,803,072. 0.70% of the stock is currently owned by company insiders.

Nasdaq Stock Performance

NDAQ stock opened at $86.30 on Friday. The firm has a market cap of $49.06 billion, a price-to-earnings ratio of 27.93, a PEG ratio of 1.57 and a beta of 1.03. Nasdaq, Inc. has a one year low of $64.84 and a one year high of $101.79. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.01. The firm has a 50-day simple moving average of $89.53 and a two-hundred day simple moving average of $90.50.

Nasdaq (NASDAQ:NDAQ) last issued its quarterly earnings results on Thursday, January 29th. The financial services provider reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.04. Nasdaq had a return on equity of 16.90% and a net margin of 21.77%.The business had revenue of $2.12 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the prior year, the firm posted $0.76 earnings per share. The business’s quarterly revenue was up 13.4% on a year-over-year basis. On average, equities analysts forecast that Nasdaq, Inc. will post 3.18 EPS for the current fiscal year.

Nasdaq Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 30th. Investors of record on Monday, March 16th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, March 16th. Nasdaq’s dividend payout ratio is currently 34.95%.

Analyst Upgrades and Downgrades

Several research firms have commented on NDAQ. UBS Group reaffirmed a “buy” rating and set a $120.00 price objective (up from $115.00) on shares of Nasdaq in a report on Monday, January 12th. TD Cowen upgraded shares of Nasdaq from a “hold” rating to a “buy” rating and raised their price objective for the company from $105.00 to $106.00 in a research report on Thursday, February 26th. Morgan Stanley set a $116.00 target price on Nasdaq and gave the stock an “overweight” rating in a research note on Friday, January 30th. Royal Bank Of Canada reissued an “outperform” rating and issued a $108.00 price target on shares of Nasdaq in a report on Friday, January 30th. Finally, Argus upgraded Nasdaq to a “strong-buy” rating in a research report on Wednesday, February 11th. One equities research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $103.80.

Nasdaq Profile

Nasdaq, Inc is a global financial technology company that operates one of the world’s leading electronic securities exchanges and provides a broad array of products and services to capital markets participants. Its core activities include operating the Nasdaq Stock Market and other trading venues, developing and supplying market technology and matching engines to exchanges and trading firms, licensing market data and indices, and offering clearing, trade execution and post-trade solutions. The company also provides market surveillance, risk management and regulatory technology used by exchanges and regulators.

Founded in 1971 by the National Association of Securities Dealers (NASD) as the first electronic stock market, Nasdaq has evolved into a diversified marketplace and technology provider.